Shanghai Accounts Payable vs Inventory Analysis

600608 Stock   4.04  0.11  2.65%   
Shanghai Broadband financial indicator trend analysis is much more than just breaking down Shanghai Broadband prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Broadband is a good investment. Please check the relationship between Shanghai Broadband Accounts Payable and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Broadband Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Accounts Payable vs Inventory

Accounts Payable vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Broadband Accounts Payable account and Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Shanghai Broadband's Accounts Payable and Inventory is -0.17. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Inventory in the same time period over historical financial statements of Shanghai Broadband Technology, assuming nothing else is changed. The correlation between historical values of Shanghai Broadband's Accounts Payable and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Shanghai Broadband Technology are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Accounts Payable i.e., Shanghai Broadband's Accounts Payable and Inventory go up and down completely randomly.

Correlation Coefficient

-0.17
Relationship DirectionNegative 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents Shanghai Broadband obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Shanghai Broadband are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Inventory

Most indicators from Shanghai Broadband's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Broadband current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Broadband Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of November 27, 2024, Selling General Administrative is expected to decline to about 5.2 M. In addition to that, Tax Provision is expected to decline to about 221.5 K
 2021 2022 2023 2024 (projected)
Other Operating Expenses584.9K274.9K247.4K235.0K
Gross Profit17.4M17.3M9.2M12.3M

Shanghai Broadband fundamental ratios Correlations

0.20.570.610.770.590.420.50.40.23-0.390.540.92-0.780.9-0.810.34-0.94-0.50.640.610.580.580.580.130.44
0.20.74-0.39-0.270.67-0.010.490.02-0.21-0.370.670.150.210.110.230.55-0.14-0.360.380.520.480.470.46-0.140.14
0.570.74-0.22-0.030.760.10.780.490.1-0.480.930.54-0.030.39-0.040.77-0.57-0.550.730.750.660.660.660.140.48
0.61-0.39-0.220.95-0.080.36-0.26-0.020.340.09-0.330.57-0.890.65-0.91-0.41-0.550.110.060.15-0.07-0.07-0.070.0-0.05
0.77-0.27-0.030.950.160.35-0.040.140.24-0.14-0.090.68-0.960.84-0.99-0.24-0.68-0.180.310.30.220.220.220.070.19
0.590.670.76-0.080.160.030.630.56-0.17-0.660.790.42-0.240.59-0.250.51-0.44-0.760.730.730.850.850.84-0.050.45
0.42-0.010.10.360.350.03-0.160.03-0.050.180.10.27-0.320.15-0.330.3-0.340.10.240.32-0.07-0.07-0.070.1-0.07
0.50.490.78-0.26-0.040.63-0.160.440.14-0.510.850.56-0.030.41-0.040.53-0.58-0.640.540.380.660.660.660.130.52
0.40.020.49-0.020.140.560.030.440.14-0.510.510.3-0.180.34-0.190.33-0.37-0.450.60.510.470.480.48-0.150.24
0.23-0.210.10.340.24-0.17-0.050.140.140.05-0.070.41-0.220.09-0.2-0.19-0.390.33-0.090.06-0.31-0.31-0.31-0.23-0.14
-0.39-0.37-0.480.09-0.14-0.660.18-0.51-0.510.05-0.56-0.30.23-0.530.23-0.420.310.78-0.59-0.32-0.79-0.79-0.790.34-0.53
0.540.670.93-0.33-0.090.790.10.850.51-0.07-0.560.510.010.380.00.83-0.55-0.720.70.580.770.770.770.160.57
0.920.150.540.570.680.420.270.560.30.41-0.30.51-0.690.8-0.710.29-0.99-0.380.430.40.440.440.440.080.34
-0.780.21-0.03-0.89-0.96-0.24-0.32-0.03-0.18-0.220.230.01-0.69-0.860.980.170.680.32-0.34-0.32-0.32-0.32-0.32-0.09-0.29
0.90.110.390.650.840.590.150.410.340.09-0.530.380.8-0.86-0.890.13-0.8-0.640.610.50.70.70.70.130.53
-0.810.23-0.04-0.91-0.99-0.25-0.33-0.04-0.19-0.20.230.0-0.710.98-0.890.170.710.31-0.39-0.34-0.34-0.34-0.34-0.1-0.29
0.340.550.77-0.41-0.240.510.30.530.33-0.19-0.420.830.290.170.130.17-0.32-0.510.510.40.550.550.550.180.5
-0.94-0.14-0.57-0.55-0.68-0.44-0.34-0.58-0.37-0.390.31-0.55-0.990.68-0.80.71-0.320.41-0.53-0.47-0.46-0.47-0.47-0.13-0.39
-0.5-0.36-0.550.11-0.18-0.760.1-0.64-0.450.330.78-0.72-0.380.32-0.640.31-0.510.41-0.69-0.39-0.97-0.97-0.97-0.2-0.79
0.640.380.730.060.310.730.240.540.6-0.09-0.590.70.43-0.340.61-0.390.51-0.53-0.690.850.780.790.790.270.69
0.610.520.750.150.30.730.320.380.510.06-0.320.580.4-0.320.5-0.340.4-0.47-0.390.850.540.540.540.170.39
0.580.480.66-0.070.220.85-0.070.660.47-0.31-0.790.770.44-0.320.7-0.340.55-0.46-0.970.780.541.01.00.180.76
0.580.470.66-0.070.220.85-0.070.660.48-0.31-0.790.770.44-0.320.7-0.340.55-0.47-0.970.790.541.01.00.180.76
0.580.460.66-0.070.220.84-0.070.660.48-0.31-0.790.770.44-0.320.7-0.340.55-0.47-0.970.790.541.01.00.190.77
0.13-0.140.140.00.07-0.050.10.13-0.15-0.230.340.160.08-0.090.13-0.10.18-0.13-0.20.270.170.180.180.190.56
0.440.140.48-0.050.190.45-0.070.520.24-0.14-0.530.570.34-0.290.53-0.290.5-0.39-0.790.690.390.760.760.770.56
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Shanghai Broadband Account Relationship Matchups

Shanghai Broadband fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets173.6M208.6M217.3M197.6M156.5M148.7M
Other Current Liab2.2M5.3M104.8M105.8M69.3M80.4M
Total Current Liabilities105.8M138.6M143.9M124.4M106.0M100.7M
Total Stockholder Equity60.7M63.0M64.6M65.5M43.5M41.3M
Retained Earnings(716.8M)(714.5M)(712.9M)(712.0M)(780.8M)(819.9M)
Cash74.3M63.1M105.1M89.7M27.1M25.7M
Net Receivables79.0M145.1M11.7M22.9M4.7M4.5M
Inventory46.5M72.4M60.9M34.9M47.7M56.8M
Other Current Assets11.5M20.2M37.4M38.0M33.7M28.7M
Total Liab108.1M140.9M146.7M126.6M108.9M103.5M
Property Plant Equipment126.9K104.9K1.1M393.2K353.9K336.2K
Net Tangible Assets60.7M63.0M64.6M65.5M75.3M48.7M
Total Current Assets173.4M208.5M215.4M197.0M155.4M149.8M
Non Current Assets Total126.9K104.9K1.9M608.9K1.1M1.1M
Net Invested Capital60.7M63.0M64.6M65.5M56.1M66.8M
Net Working Capital67.6M69.9M71.5M72.6M49.4M53.1M

Currently Active Assets on Macroaxis

Other Information on Investing in Shanghai Stock

Balance Sheet is a snapshot of the financial position of Shanghai Broadband at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Broadband Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Broadband and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Shanghai currently owns. An asset can also be divided into two categories, current and non-current.